CARBORUNIV breaking inverted head and shoulder pattern with volume. if closing price is above 530, then we can take long position with trgt 600and sl 505.
The stock is in uptrend and has given breakout in daily timeframe and also sustaining above it.
Volume action has also been seen in recent weeks.
Retest level: 410-420
Buy on dips.
CMP: 475
Target: 655, 720
- Weekly Breakout of 3yr long consolidation
- Good Volumes near breakout zone
- Looks good for medium - long term investment, if sustains above breakout level on Weekly closing basis